China defies US pressure as EU parts ways with Iranian oil
BEIJING/SINGAPORE: China, seeking to skirt US sanctions, will use oil tankers from Iran for its purchases of that country’s crude, throwing Tehran...
Int’l community’s financial support against COVID-19 crisis lauded
ISLAMABAD: Minister for Economic Affairs, Makhdum Khusro Bakhtyar has appreciated the continued support received from the international community including development partners to...
Country’s weekly inflation decreases by 0.63pc
According to data released by the Pakistan Bureau of Statistics, the Weekly SPI for the combined group decreased by 0.63 per cent...
Market Daily: Cements take the lead again
LAHORE: The KSE 100 index wiped out Monday’s gains with a -0.28 per cent drop here on Tuesday. As expected, materials performed...
Market Daily: Indices swing wild, KSE 100 down 0.15 per cent WoW
Friday started with KSE 100 index touching its intraday low of 37,845.42 after losing 391.10 points.
Amazon becomes second company after Apple to join $1 trillion club
Amazon.com Inc today joins Apple Inc in the $1 trillion club, becoming the second member of the group after its stock price...
Market Daily: PSX falls another 107 points totaling 1760 since last five sessions
LAHORE: Pakistan equity markets extended the bearish trend wherein the index fell by 107 points, stretching the decline in the index to...
Market Daily: PSX rallies up as rupee devalues
LAHORE: The KSE 100 index extended its rally from Tuesday’s session on the back of the depreciated rupee after the central bank...
Bitcoin struggles to hold prices above $8,000
The price of Bitcoin fell to as little as $7,931.43 on Friday on the CoinDesk Bitcoin Price Index (BPI).
ECC allows OMCs to charge masses with Rs48 crore under custom duties
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet has granted the approval to Oil Marketing Companies (OMCs) to charge the masses with...
External financing to reach over $11.6bn in 2018-19
KARACHI: The total inflows of external financing are expected to the tune of over $11.653 billion during the upcoming fiscal year (2018-19).
“Total...
Market Daily: Equity market registers another day of gains, rising by 472 pts
LAHORE: For a change, market bulls stepped up their game in Wednesday’s session and took inspiration from a buoyant close yesterday to...
Govt to focus on high growth rate, controlled inflation in next budget: Miftah Ismail
ISLAMABAD: Adviser to Prime Minister on Finance, Miftah Ismail Friday said the government will mainly focus on setting the target for a...
China’s Xi pledges $20 billion in loans to revive Middle East
The loans will fund a plan of “economic reconstruction” and “industrial revival” that would include cooperation on oil and gas, nuclear and clean energy, Xi said
Budget to expand economy, encourage businesses, protect vulnerable people: Miftah
ISLAMABAD: Minister for Finance and Economic Affairs Miftah Ismail Sunday said the budget for the fiscal year 2018-19 will expand the economy by more...